Key points from the WRA on the Wisconsin Housing Report for January 2023. Home Sales: Home sales rose 3.2% compared to last year’s March. Both existing home sales and median prices increased by solid margins compared to a year earlier reflecting robust demand conditions even as supply remains tight. Home Prices: The median home price […]
With the current state of the market bringing us high interest rates and low inventory, homebuyers have shifted their wants and needs. Among the top design trends for 2024 is a shift to better, not bigger homes. The average size of a new home continues to inch smaller as affordability becomes more difficult. People are […]
Key points from the WRA on the Wisconsin Housing Report for December 2023. Home Sales: While the limited supply of homes on the market kept December sales down 6.2% compared to December 2022, fourth quarter sales performed better than the first three quarters of the year. The total existing home sales for this year were […]
Key points from the WRA on the Wisconsin Housing Report for October 2023. Home Sales: Existing home sales fell by just 7.2% in October 2023 compared to last October. This is the first time since August 2022 that the annualized decline in sales has been in the single digits. Home Prices: The median home price […]
Key points from the WRA on the Wisconsin Housing Report for August 2023. Home Sales: We continue to see weaker sales and higher prices in the Wisconsin market even as the inventory situation improved slightly. Home sales for the month of August declined by 18.3% since August 2022 sitting at 6,889. Home Prices: The median […]